; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Monopoly Rights: A Barrier to Riches"; ; "batchuser@example.com"; "Parente, Stephen L.", "Prescott, Edward C."; "Federal Reserve Bank of Minneapolis"; "O41 - One, Two, and Multisector Growth Models", "O11 - Macroeconomic Analyses of Economic Development", "D58 - Computable and Other Applied General Equilibrium Models"; "Our thesis is that poor countries are poor because they employ arrangements for which the equilibrium outcomes are characterized by inferior technologies being used, and being used inefficiently. In this paper, we analyze the consequences of one such arrangement. In each industry, the arrangement enables a coalition of factor suppliers to be the monopoly seller of its input services to all firms using a particular production process. We find that the inefficiencies associated with this monopoly arrangement can be large. Whereas other studies have found that inefficiencies induced by monopoly are at most a few percent of output, we find that eliminating this monopoly arrangement could well increase output by roughly a factor of 3 without any increase in inputs."^^; "1997-07"; "2019-08-20T23:41:40.447053202+00:00"^^; "https://doi.org/10.21034/sr.236"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 22:02:54 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "592", "628"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "236"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _American Economic Review_ (Vol. 89, No. 5, December 1999, pp. 1216-33) https://doi.org/10.1257/aer.89.5.1216. "^^; ; "Publication" . ; .